Morning Must Reads

Published May 19, 2009 4:00am ET



Los Angeles Times — California voters kill budget measures

Only one measure – the cap on the salaries of elected officials – won in California’s big referendum on Tuesday. Everything else – extensions of tax increases, shifting resources from the state lottery to pay bills, a bigger rainy day fund and more – got utterly smashed. Nothing but the salary caps even made it to 40 percent.

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